Economy, asked by Tandeep8564, 6 months ago

How does the demand curve differs from the individual business in the perfect market of the monopolist

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Answered by sabinamin14

1

Answer:

Market Power

The demand curve for an individual firm is downward sloping in monopolistic competition, in contrast to perfect competition where the firm's individual demand curve is perfectly elastic. This is due to the fact that firms have market power: they can raise prices without losing all of their customers.

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